proof of claim
- A documented assertion that details a demand against a debtor who is bankrupt or against the distributable estate of a dead debtor
- The lawyer submitted a proof of claim on behalf of his client who was owed money by the bankrupt company.
- For a valid proof of claim, it must clearly describe the nature and amount of the debt owed.
- The court dismissed the proof of claim as it had been filed after the deadline stipulated by bankruptcy procedures.
Provide Feedback